Factorial Energy (NASDAQ:FAC) Upgraded at Zacks Research

Factorial Energy (NASDAQ:FAC) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Separately, Cantor Fitzgerald began coverage on shares of Factorial Energy in a research note on Tuesday. They issued an “overweight” rating and a $18.00 price objective for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Factorial Energy Trading Down 7.6%

Shares of NASDAQ FAC opened at $10.99 on Wednesday. Factorial Energy has a 52-week low of $9.26 and a 52-week high of $25.33. The stock has a market capitalization of $379.15 million and a PE ratio of 49.54.

About Factorial Energy

We are a blank check company incorporated on October 29, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.